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with small business owners across the country to force the president to back down on raising taxes on the wealthy. former florida governor jeb bush is gathering policy experts and dedication leader's fourth annual education summit. we covered yesterday's events pick. that's where we begin. mr. bush says the unions are barriers to better schools. how would you fix your school system? we want to get your take on it. also, send us a tweet, post your comments on facebook, or send us an e-mail. we begin with the "washington times headline" -- we want to show you what the former florida governor had to say at yesterday's event. [video clip] >> we need to have a teacher evaluation system that is based on teachers being professionals and not part of some collective trade union bargaining process. we have a system to reward teachers based on an industrial and unionized model that is completely inappropriate for the 21st century, completely inappropriate. there are incredibly fine teachers that get paid less even though they are doing the lord's work consistently over time and there are tea
with the country. plus his plans to fix the gop. >>> plus president obama's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're talking politics, same sex marriage and the "two and a half men" star whose christian conversion has him attacking his own show. this is "piers morgan tonight." >>> good evening. our big story tonight, countdown to financial doomsday, the fiscal cliff and the clock is ticking. 35 days left before this massive sweeping tax hike. america's now at the mercy of washington, hoping that both sides can end the fighting and make a deal. anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party back away from that promise? joining me in his first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are y
a campaign to persuade voters that his plans for higher taxes on the wealthy are the right path forward. leading republicans creating consternation within their own party does they reversed themselves from taxes and seemingly the president's ideas of increases, a growing number on the right rejecting their no new taxes pledges and instead are now claiming the grover norquist is the real problem in washington d.c. fox digital politics center is here with us tonight as is the daily caller stalker carlson. egyptian leader declaring new powers for himself, claiming he won't be just another dictator. just a week ago praised by the obama administration for brokering a ceasefire in gaza, and now the white house is silent on the more -- coupe. middle east expert professor hoover institute senior fellow "wall street journal" as columnist among our guests here tonight. we begin with the president's broad based strategy to conduct our right class warfare against the republican party on the issue of taxes and the fiscal cliff. the white house today released a report from the council of economic adv
the weekend. the white house is making it clear today that the president won't sign a bill that extends tax cuts for those earning $250,000 a year in social security. it will not be part of the fiscal cliff. so we are going to talk about the compromise. we have a congress and to talk about this with us. >> and you for having me cheryl: or a little bill? >> we were waiting and hoping to compromise with its administration. but they they would just never come to the table. >> these democrats want to continue spending on social programs, republicans don't want tax cuts to be touched. you think we can have coromise from both sides on each of these issues? the rhetoric that we are hearing on a television screen is pretty negative. >> he did say that we want and the republicans will reach out to less. cheryl: after the last election, the november election, it was a referendum on many republicans. some of them walked away and said, okay, we did not get the senate back, we are moving forward. our republican candidates did not win the presidency were many officers. >> people were looking round the wa
what is at stake if partisans don't figure out a way soon. bush tax cut goes away and that alone would drive taxup fo. the patches will die as well. so add in the failure of the super committee and sequestered $1.2 trillion. spending cuts of $600 billion in defense. why are we here? you can't blame revenues. americans forked over $2.3 trillion in taxes and fees last year. the taxaholics are stone cold drunk on our spending. spending is out of control. mr. president, waiting for you to stand up and show leadership. bob, haven't heard a thing. crickets. >> eric: i think you heard things. there is movement going on here. >> bob: i'm glad they're breaking away from norquist and say there is a need for revenue. i think whether that comes in form of limiting deductions to $50,000 for people making over $250,000 or -- >> eric: i can say. we will get to all of that. we'll get to the deals that may go on. where is obama's deal or his idea? his proposed, i don't know. the medicare, medicaid, reform to get the tax cuts. >> bob: there will be form of entitlement of increasing the age of retirement
for a tax increase. we could ask president bush how his second term went after he broke his pledge. did he damage the pledge or by breaking his pledge, he lost a second term for the presidency. >> and this morning, even fox and friends were getting all philosophical about till death do us part pledges. >> i think you get into really difficult situations in relationships in general when you make people sign on the dotted line and then you crucify them if they decide to change their line. i'll bring it back to marriage. marriages don't work when one or both parties stand on both sides of the fence and say i'm not budging. then you get divorced. that's what happens. >> crystal, let me explain this being dumped thing to you because i know you've never -- >> it's happened once or twice. >> stop. you lost an election, so you have some sensation of what grover is going through. >> poor guy. i feel for him. it is remarkable because he's had this pledge in place since 1986. george h.p. bush violated the pledge, it essentially led to newt gingrich and the contract for america and we have been living
tax rates for the wealthy in particular. that comes as top republicans in the senate draws a line in the sand saying political ideology cannot rule the negotiations. >> the only balanced approach is one that includes real and lasting reforms. so republicans have stepped out of our comfort zone, we've been clear about what we'll do and what we won't, and yet we remain at an impasse. leading us to why ask why? because a vocal minority on the hard left continues to argue from the leaders of their party from the president on down that democrats in washington should do absolutely nothing about short term, or long term spending problems. this is the thelmand louise crowd, the ones who dream about higher taxes and bigger government it will pay for, regardless of the impact on jobs or the economy, or america's standing in the world. these are the ones who have recklessly ignored the fact that we can't keep running trillion dollar deficits every year and throw a tantrum if someone suggests that maybe the taxpayers shouldn't keep subsidizing ever last program washington ever dreamed up. the
norquist's anti-tax pledge. saying they're open to letting revenues rise if democrats do their part in the budget talks. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. for instance, if i were in congress in 1941, i would have signed the declaration of war against japan. we're not going to attack japan today. the world has changed, and the economic situation is different. >> so peter king is telling us, mike barnicle, not only is he going soft on taxes, he's going soft on japan. >> i know. >> it's not just peter king on the taxes. it's a big step, don't you think? >> it's a big step. >> grover. yeah, grover's taking a big hit since the election. there's no doubt about it. i think john, you'd verify this. number of republicans, i've talked to a couple of united states senators who
income tax. and because they don't pay their a bunch of takers. you in this room, you're the makers, you're being victimized by the takers and there is nothing i can do about those takers so forget about it. i think it was a disaster. and a lot of the people in that 47% are in fact the base of the republican party. >> david. >> this is not because we're having a blue hand love in. if the republican party were to listen to half of what steve said in his opening comments they would rehabilitate themselves quickly. i think there is going to be a civil war between the view of people like steve and the view of some on the hard right. and i thought up here i'm not going to say a challenging thing about governor romney or pour salt in any wounds. but a few hours ago governor romney did a conference call to thank some of his donors. and he said that the reason he lost was that the president had given gifts, his word gifts to young people in the form of student loans and student loan repayment process. gifts to the latino policy by saying dream act kids would not be deported over the coming years
putting limits on their no tax pledge and telling grover norquist to get lost. but remember, there's only one of those people in the house of representatives. >>> keeping hope and change alive. president obama's aides are hoping to keep the campaign going and use their new leverage at the polls to win the fight for higher taxes against the wealthy. >>> this is "hardball," the place for politics. >>> get ready for some more partisan agendas in the state governments across the country. that's because come january at least 37 states will be under single party control. 37 of them. with one party holding both houses of state legislatures and the governorship. and that's the largest number of states under single party control in 60 years. 24 of those 37 states will be controlled by republicans and 13 under democratic control. we'll be right back. >>> welcome back to politics and "hardball." abortion politics, particularly anti-abortion politics, has been a guiding principle of republican politics for decades. yesterday senator john mccain stepped back from the edge and seemed to say it was time
bipartisan consensus to raise taxes on the wealthy, the sides are still far apart on where the revenue will come from. staff level negotiations are a little bit more than stalled. not fully stalled but they didn't go so great last week and it's unclear where speaker boehner will get the votes for a deal that would raise tax rates. which is why he's pushing against that idea. two senate republicans up for re-election in 2014 have bucked norquist saying they are willing to let taxes ride. chambliss spoke to his hometown station. >> that pledge i signed 20 years ago was valid then. it's valid now, but times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. >> on sunday south carolina senator lindsey graham also broke ranks saying the norquist pledge can no longer be a conservative litmus test. >> when you're $16 trillion in it debt, the only pledge we should be making to each other is to avoid becoming greece. but i will violate the pledge, long story short, for the good of the country only if it democrats will do entitlement reform. >> b
the coming grief. >> it's not easy. but drying off your hand and saying maybe i'll raise taxes instead of governing is not the way to go. >> cenk: but, in fact, it's fake drama. i'll show how is really in charge of the republican party and exactly what they're going to do. then we've got walmart strikers. instead, it's record-breaking. and who is striking with them? here it comes. >> joined which alan grayson who thursday night escorted walmart worker lisa lopez from walmart because she felt that she should not be working on thanksgiving. >> cenk: don't miss it. and then it's interesting whistleblower. blowing the whistle on a-for-profit scam. >> they were raising jobs with which they did not need a degree for. >> cenk: i'll give the elbow of the day away. it's on fox news, it's by one of their guest and it's awesome. don't miss it. it is, in fact, go time. [ ♪ music ♪ ] >> cenk: so it appears we have an internal fight within the republican party. we've got drama. oh, my god they might stop live living to grover norquist's pledge. he's the guy who says, no tax increases--ever! her
, not raise taxes. if he wants to change his mind and become a tax increaser so we don't have to reform government, he needs to have that conversation with the people of georgia. >>> >> and new today, congressman peter king on the controversy. >> i agree with chambliss. if i were in congress in 1941, i would have signed al declaration of war against japan. i'm not going to declare war against japan today. the times have changed. ronald reagan and tip o'neil recognized that in the '80s. everything should be on the table. >> joining me, ed and david. thank you for joining me. >> good to see you, alex. >> you heard representative king on "meet the press" saying that he agrees on the pledge to not raise taxes. >> if you look at exit polling, people want to see democrats and republicans working together. you talk to them over and over again and voters say that and expect it. you see lawmakers since they have returned saying that they want to work together and one of the ways is that whether it was on taxes or other issues. >> so david, the change of heart by the gop on taxes, is it legitimat
. a number of republicans are finally putting limits on their no tax pledge and telling grover norquist to get lost. but remember, there's only one of those people in the house of representatives. >>> keeping hope and change alive. president obama's aides are hoping to keep the campaign going and use their new leverage at the polls to win the fight for higher taxes against the wealthy. >>> this is "hardball," the place for politics. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> get ready for some more partisan agendas in the state governments across the country. that's because come january at least 37 states will be under single party control. 37 of them. with one party holding both houses of state legislatures and the governorship. and that's the largest number of states under single party control in 60 years. 24 of those 37 states will be controlled by republicans
them what to do. therefore, they don't have a lot of social service. no state income tax in texas. however, get in the lone star state about $40 billion. there is a balanced budget amendment. by contrast california owes an astounding $167 billion. and it's running an annual deficit of about 9 billion. money they that can never never be paid back. what is california getting for all of that? high school graduation rate 37 out of 50 states. per capita income, $44,500. but, there is a 10.1% unemployment rate. crime number one. there are more prisoners in california than any other state. take a look at texas. high school ranks 44th. slightly above california. per capita income about 40,000 bucks per year. but there is relatively low unemployment 6.6%. convicts in state prisoners ranked number two behind california. so you can see there is not a big difference in the economic and social stats but there is a big difference in mind set. california has many more social welfare programs. golden state also has many more business regulations. texas, you could pretty much set up any bigness yo
. federal reserve chairman ben bernanke is urging washington to avoid the tax increases and budget cuts that will begin to take effect next year. while speaking at the economic club of new york, he called for an increase in the federal debt limit saying a dault could result in an economic crisis. >> thank you very much. good afternoon. it is nice of you to join me for lunch at this intimate gathering. [laughter] i know many of you and your friends and neighbors are recovering from the events of hurricane sandy -- i want to let you know our thoughts are with everyone who has suffered during the storm and its aftermath. it has been a very challenging time for new york city. i think you have shown quite a bit of fortitude in coming back and getting back to business. my remarks today are going to focus on the reasons for the disappointingly slow pace of economic recovery in the united states, and the policy actions that have been taken by the federal open market committee to support the economy. in addition, i will discuss important economic challenges our country faces as we close out 2012
on taxes, immigration, the works. so the party's in turmoil. the people who hate to lose are blaming the right. the people who hate the center almost just as much as the left are saying they're right and they're going to not budge an inch. this looks like a fight with legs and not a bad spectator sport, i must say, for progressives. as napoleon once said, never interrupt your enemy when he's making a mistake. robert traynham and erin pikes. this should be an interesting match-up, you two. let's talk about this situation. i want to show you a tape from dan senor on "morning joe" he's a foreign policy adviser to mitt romney. he took on mitt romney critics piling on the former nominee. let's listen to dan senor. >> tens of thousands of people, you could hear the top ten romney surrogates at the event. i'm backstage with some of them, i won't mention their names but talking about romney like he's reagan. you know, the debate performances were the best debate performance of any republican nominee in presidential history. this guy's iconic. they were talking about him, because they believe
washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only your doctor can determine if your persistent heartburn whoa! is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. talk to your doctor about the risk for osteoporosis-related bone fractures and low magnesium levels with long-term use of nexium. possible side effects include headache, diarrhea, and abdominal pa
abortion? what is your view of taxes? and what you find is that people who have very strong, conservative political beliefs cannot deal with this science, because it threatens everything else they believe. >> do you really believe, are you convinced that there are no free-market solutions? there's no way to let the market help us solve this crisis? >> no, absolutely the market can play a role. there are things that government can do to incentivize the free market to do a better job, yes. but is that a replacement for getting in the way, actively, of the fossil fuel industry and preventing them from destroying our chances of a future on a livable planet? it's not a replacement. we have to do both. yes, we need these market incentives on the one hand to encourage renewable energy. but we also need a government that's willing to say no. no, you can't mine the alberta tar sands and burn enough carbon that you will have game over for the climate as james hansen has said. >> but i'm one of those who is the other end of the corporation. i mean, we had a crisis in new york the last two weeks. we
-class americans and with corporate ceos. he is pushing his ideas for a corporate cliff to renew middle- class tax cuts before they expire at the end of the year. coming up, how the white house is also using social media to rally public support for its position. >>> well 400,000 are watching it happen in washington and that's because of emergency federal unemployment benefits due to expire december 29th unless congress is due to expire. they are noticing the possible loss of benefits which are going into the mail this week. >>> 6:09 is the traffic and certainly could be an issue as we get some rain, let's check in with tara who is in for sal. >> people need to take it slow with the rain coming in. we have a map showing an accident on grant line road and this is sort of a slow stretch anyway so of course it is not helping the situation. up next we are looking at the bay bridge toll plaza and the metering lights are on so give yourself some extra time and that bong is extending back to the maze on the east shore freeway. you can see in the pittsburgh area, those headlights are westbound as you drive
of legislation or tax code reform or you name it, what ever the issue is? or is this strictly a candidate- driven phenomenon? >> i do not know. i think it will probably be -- somebody can write a $20 million check on every issue they choose. that is the world we are living in. they can write a check for an issue campaign. they can write a check to bribe -- tried to buy a governor's race. bacon ready check to try to control congress. the poisonous than for our country. in mitt romney's campan, the central actor was not the romney campaign but the super pac's. in our campaign it was the obama campaign. may be the last presidential campaign to be able to say that. >> request and from a student? >> given how unpopular the super pac's are, is there any possibility they might be able to produce some kind of way of stopping money in the future sunday? >> given how unpopular the super pac's are -- i am not sure about that promise, you can talk about that, is there any way to stop them? >> i think we had a 30-ar campaign finance regime in the country that has tried to characterize political money into cat
that the election is over hopefully we'll have a moment in washington where the leaders come together and on tax reform and education and immigration and fiscal policy, now that we're no longer the issue of we have a reelection, that's done. barack obama has run his last campaign and you have divided government. i think the mandate the american people was sending is work together. focus on us not what divides you as politicians, focus on us. and i don't offer misplaced optimism often. because in washington you can get pessimistic quick. but i do have confidence there is path way on tax reform, on continued education reform, on doing some smart things around energy. and that's the test of the ment and the leaders in the senate and houses. can they come together post election. and for a period of time put your needs and the needs of the country first. and i have a great deal of confidence we'll do that. so i look forward to talking to you about the election that just happened. [applause] >> thank you for having me back. it's great to be back at the university of delaware and thank you for coming.
's the question that may take the republicans now four years to answer. did we go too right on taxes, immigrati immigration, foreign policy or were we too moderate, not ideological enough? one thing you can never be wrong on. if you lose, you can't brag. if you lose, everybody gets in, everything you did and nobody's going to admit he's wrong or she's wrong. joy reed is managing editor and jonathan is a bloomberg view columnist, both are msnbc plirt c political analysts. it seems like if you look at the trial balloons for 2016, you see the two directions in the party. there's people like rubio down in florida who's talking about the seven days of creation again. and then you've got on the other end of the world, you've got chris christie talking about how many days it's going to take us to clean up this mess from sandy. one's living in the secular real world. one's off in that theological, ideological ethereal world that the right likes to get into. joy, you're shaking your head. they haven't decided whether to go sky high into ideology with the old testament or to try to become a more modern p
dagen: yes, i do because i owe taxes. david: more than enough. dagen: thank you, david, love you, david asman. the holiday shopping rush is on. toys "r" us, one of the several big name stores opening last night. did it work? the chairman and ceo of toys "r" us is here. big labor bearing down on wal-mart out prozesting when they will get the most attention, of course. will it hurt sales at the country's largest private employer? if you can stomach anymore travel after the holidays, bestfares.com's ceo says there's wild and crazy deals straight ahead. he is here. top of the hour, stocks now and over 15 minutes, report gray on the floor. robert, triple digit gain, baby. >> you got it. the traders calling it a meltup. light volume today, a shortened day, the bell ringing at 1 p.m. eastern time. we are seeing 110 point gain on the dow, creeping up on 13,000 again, s&p at 1400. they are higher at one time or another during today's trading session. industry groups higher as well. in fact, at one point, saw just one or two stocks and s&p 500 lower on the day. what you see as the traders
in the midwest, at what other regional issues? >> in iowa and colorado, wind energy tax credit. there was an issue that was important in both of those states. obviously models, jobs, the president jobs plan. and i think taxes. we had a fight where you had the president advocating to increase taxes on people who made more than $250,000 a year. >> looking ahead at the agenda, how big is climate energy? >> if you look at what to this country needs to do to create jobs, having a sound energy policy makes incredible sense. i think there are it a lot of voters who cared deeply about this. voters have said repeatedly this is an issue they want addressed moving forward. from an economic standpoint and for the future of the country. >> you think the president will do something dramatic? >> he has a plan to move forward. >> is the new democratic movement dead or no longer relevant? >> i think that our party has always been the big party and we have different views and that is healthy. that is exactly why i believe i am a democrat. i believe our vision of the country has a lot of people w
taxes, go to another state where they don't have these columns. if you want to live where people can get a good education, people who otherwise couldn't afford it, go live where the taxes pay for those schools. as ronald reagan said people can vote with their feet. >> jon: ultimate the federal government-- poor people, obviously their suz, the soles are not as quick, have trouble trouble with mobility in some sparse. you're saying the federal government should not be involved in education at all. >> no, the federal government should not be involved in education. >> jon: at all. >> or the constitution should be amended to reflect the consensus that it should. but when the federal government exceeds the constitution and it's the supreme law of the land, how can we trust the federal government to do anything? the federal government might even spy on the country tea chief spy because they think he's having an affair, even though that's against the law they've sworn to uphold. >> jon: if your argument is we can't trust the federal government to do anything how can we trust it to do anythin
. and formulating debt and tax reduction legislation that led to a budget surplus, the touchstone for success in working with the opposing party to fulfil a president legislative agenda. quintin appointed erskine bowles to represent him in negotiations with congress. erskine bowles's great talent was important in reaching the president's legislative agenda so this was followed by the same house of representatives voting to impeach bill clinton. obviously an extreme example of the age-old conflict between congress and the executive branch of government and bill clinton is listed among only seven reelected presidents who were successful. there are lessons to be learned from the clinton's second term that might offer guidance to obama where he reelected. some of the presidents who face hostility through congress, fill a majority of their own party including washington, jefferson, monroe, grand, theodore roosevelt, johnson and george bush. en route jackson was censured by congress controlled by his undemocratic party. it is like he never forgave. franklin roosevelt had a constant battle with sout
feel better. say that to the person next you as well. all joking aside to bear huge tax on the aside they can say very toxic comments and not be held to the same standard. dr. hill you may have see the recent article 15 most over redid route -- white people from columbus, ronald reagan and is shakespeare. the only worse speaking those words than a black person and stepping out of line. stay q4 stepping up four per cent volume a. is a beef and near if it was not so wrong. liberty is meaningless and it is not just a freedom of speech i will leave you with this the most accurate comment about her current book came from "the american spectator", "mugged" is not just a book but a public service. i agree wholeheartedly. and colder is a public service and i would take that over commander -- a community organizer and a day. please join me to welcome ann coulter 55. [cheers and applause] >> i hope this isn't like the chris christie speech. i did briefly a runoff with a biker buy came back. i am who paid by introduction is not longer than my speech because i will try something new. are worked
's the question that may take the republicans now four years to answer. did we go too right on taxes and immigration and foreign policy or where were too moderate, not ideological enough? one thing you can never be wrong on, if you lose you can't brag. if you lose, everything gets it, everything you did and nobody will admit he or she is wrong. gee reid managing editor of the grio. joy, you first and john jump m in here. seems like if you look at the trial balloons for 2016 you see the two directions of the party. people like rubio, down in florida, who's talking about the seven days of creation again. and then on the other end of the world, you have chris christie talking about how many days it's going to take us to clean up this mess from sandy. once living in the secular real world, off in the ideological, world that the right likes to get into. joy, you're shaking your head. they haven't decided to go sky high into the ideology with the old testament or become a more modern party. >> i think you picked the right person to focus on. marco rubio, be seems to be at the crossroads. t
, which john is an expert on, the financial change, transaction taxes, for example, in meetings saying i like this idea. there's ways to do taxes, tamp down wild frothy speculated trade, and rebalance the system out of whack, but he's pushed back by summers or geithner or others and sometimes he's with summers, stimes with geithner, but he moves towards pragmatism. some say towards caution rather than activism that some folks hoped for, certainly on the left. having said that, the man's evolving. we can't help ourselves. we all evolve. i think the big question is how this man, will evolve has evolved, and how that expresses itself now that he has a refreshman date. >> that's the big question. what's the big answer? >> well, i'm waiting i have to say. some answers, i think, i've gotten over the last year. i think he's gotten better at upping the dynamics of -- understanding the dynamics of presidential power, how to use the bully pulpit, how to get people in sympathetic communities, box in his opponents, look at the payroll tax drama of february of this year. they handled that well, and t
governments. in response to a large and sustained decline in their tax revenues, state and local governments had cut about 600,000 jobs since the third quarter of 2008 while reducing real expenditures for infrastructure projects by about 20%. more recently, the situation has to some extent reversed. the drag on economic growth for state and local fiscal policy has diminished as revenues have improved and pressures have eased for further spending cuts or tax increases. in contrast, programs have led federal fiscal policy to begin restraining gdp growth. indeed, almost any -- under almost any plausible scenario the drag next year from federal fiscal policy on gdp growth will outweigh the positive effect on growth from fiscal expansion at the state and local level. however, the overall effect of the federal fiscal policy on the economy in the near term and the longer run remains quite uncertain and depends on how policy makers meet two daunting fiscal challenges. one by the start of the new year, and the other by no later than the spring. what are these women challenges? first, -- i do mean the
candidates assembled on showed their issue on raising taxes. watch norquist's people go here. >> i'll ask a question to everyone on the stage. say you had a deal a real spending cuts deal, 10-1 as byron says -- speaker you're already shaking your head. who on this stage would walk away from that deal? raise your hand if you'll feel so strongly you'd walk away on the deal. >> time toat list of greatness, other highlights and low heights of the gop primary season. michael steele who never had a year like this always a success seriously and the both msnbc contributors. from the roots of the republican party, a good day or bad day for republicans? >> i think it was a bad day and very interesting on that you know i probably should have raised my hand and said i would haaken the 10-1 deal. he recognized after the fact that that was a dinitive mo could have on that stage. and proba the kind of campaign free of that baggage. >> he would have looked very election. >> be÷pr on that moment sort of solidified the next -- the rest of the story for this primary. >> wheneve
keeps hit a detour. >> they got off to an optimistic start. >> the country faces drastic tax cuts. >> let's get right to the ia sex scandal and the breaking news scandal overnight. >> today we're learning how much access. >> you find a guy who says -- >> jill kelley from tampa, florida -- >> our journalist is priorities are out of whack and did david petraeus get unusual treatment from the veterans he cultivated. >>> some ignorant teenagers wrote horrible things about president obama on twitter, messages that were exposed by the website jezebel. but did they go too far in trying to get these students punished. >>> plus bill o'reilly called him one of the biggest race baiters in the media. kuhnen very sags with eric degreens. i'm howard kurtz and this is "reliable sources."gans. i'm howard kurtz and this is "reliable sources." >>> the president of the united states and. automatically takes effect in just of o every a month if they can't face an agreement. the health of the american economy and maybe if it goes down to the wire the fiscal cliff story will receive 1/10 theed my ya at
now, unless congress and the president take action, the current tax rates will would expire and we will experience the largest tax increase in u.s. history. amid so much economic suffering, raising taxes would have a devastating impact on our economy. we cannot let this happen. republicans believe this is an opportunity to finally solve problems thatwill washington has ignored. whether it is the tax code or entitlement programs that are on a path to bankruptcy, no more short-term mandates or excuses. we can do this right. we can pass on our children and economy of growth and opportunity and government that empowers all businesses and stays out of their way. a country in which everyone has a shot at the american dream. republicans are ready and eager to get to work. we hope president obama is as well. america is a country whose people can do anything and whose leaders can envision a limitless future. today, as you join friends and family, be sure to celebrate as abraham lincoln did, with a hopeful heart. america still has so many gracious guesifts for which to e thankful. >> joined
and the president's tax plan would be bad for him or he wanted to purchase -- as the weeks wore on it turns out this was a man who never earned more than $40,000 in his life. he was not actually a plumber. he had a lien on his house or owed back taxes as i recall. he was certainly never in a position to buy $250,000 business but he imagined himself so rapidly, so invested the that he could not see he was precisely the person for whom obama's tax plan would most benefit to ratchet is welfare up words and so this deep sense of identity in investment in the american dream that if you work hard enough you're going to be there is something i have been thinking about a lot and there's a way in which the discourse of the american dream and particularly the way it is rationalized as well for white people, it almost eliminates any sense of hesitation or conditional. if i worked hard -- if i were in this position, if i am already somebody who's ready to take the reins of power, the conditional, the sense of that conditional being contingent upon politics rather than the political climate and not just one
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